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United to invest over $15 M in Flying-Taxis!

United Airline says it will need hundreds of the aircraft to serve what it expects to be a booming market!

Airlines including United have been striking deals to advance alternatives to highway travel to busy airports.

Tweet on the Evtol investment by United

United Airlines is making another bet on flying taxis with a $15 million investment in Eve Air Mobility,

a start-up company backed by the aircraft manufacturer Embraer.

The airline said it has struck a conditional agreement to buy 200 of the four-passenger electric aircraft Eve is developing, with options to buy another 200. United said it expects the first deliveries of Eve’s aircraft as soon as 2026.

United, which last month put down a $10 million deposit for 100 electric flying taxis being developed by Archer Aviation Inc., said it would need hundreds of the aircraft to serve what it expects to be a booming market in the coming years.

  • The aircraft being developed by Eve, Archer and other startups will take off and land vertically like helicopters.
  • The aircraft haven’t yet been approved by regulators to fly passengers.
  • United expects one-way trips to cost about $100 to $150

The Federal Aviation Administration has been examining aircraft, working on pilot requirements and looking into how to integrate planned vehicles into the airspace.

Airlines and leasing companies have been making investments and striking deals for preliminary orders in hopes that the aircraft will one day zoom around cities, stirring customers above congested highways to and from hub airports while reducing carbon emissions for such journeys.

Aircraft being developed by Archer and rivals will take off and land vertically like helicopters.

@thejournalbiz
source: United/WSJ
Image:United airlines.inc